Published on 24th December 2019
Europe’s forgotten “sleeping beauty” of the 20th century woke up after 1998’s World Fair, and both local and foreigner residents are injecting doses of innovation and modernism despite all the economic hardships. As confirmed by The Financial Times, Lisbon is on its way to becoming one of the best places to live, to do business. And of course, to invest in Lisbon property.
Although prices are rising in the Portuguese capital, the properties across the city still have huge potential for capital gain and return of your investment.
Whether you want to be close to the attractions of Lisbon or find some peace and quiet in the rural areas of the city, there are plenty of places to consider when staying in Lisbon.
Key areas to invest in Lisbon
Chiado is a small part of Lisbon that’s bursting with Portuguese culture, offering residents with a mix of old and modern establishments. It’s a fairly traditional area, with theatres, bookstores, and cafes located throughout the region. Here at Portugal Homes, we offer an array of properties in Chiado, including both developments and homes. You can see them here.
Baixa is perfect for those who love to try new experiences and want to fully immerse themselves in a new culture. Offering vast amounts of unique experiences and beautiful architecture, whether it be Rossio Square with its tremendous fountain or the vibrant yellow buildings of Praça do Comércio.
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Avenida da Liberdade
Avenida da Liberdade boulevard, built in the 19th century in the style of the Champs-Elysées in Paris, is the main avenue of Lisbon. Home for some of the most fashionable luxury brands, Avenida is one of the richest and expensive areas of the country and represents the ideal place for creating and establish workplaces.
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Graça houses a diverse population, from local residents who were born here and new residents seeking this old part of Lisbon. Whether a tourist or resident, people are drawn here by its location, history, and soul. Situated next to the São Jorge Castle, Graça’s district is also known for its spectacular views that are much enjoyed by residents and visitors.
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If you would like an alternative to invest in Lisbon city center, the Algarve and the Silver Coast are great options to consider.
Príncipe Real has become one of the best neighborhoods in Lisbon, attracting an innovative and quality trade. But it remains essentially a residential neighborhood, with gardens, quiet spaces and beautiful palaces. This neighbourhood is one of the most sought after areas for buying or renting houses, where old buildings are being refurbished, attracting a younger population.
Lapa is a predominantly residential area with large houses and old palaces. It was in Lapa that the Portuguese bourgeoisie and nobility decided to settle down in the 18th century.
This neighbourhood remains one of the noblest areas of Lisbon and is home to several embassies. Historic buildings have been rehabilitated and have attracted many residents in search of tranquility and a privileged location.
Arroios - Alameda
The humble parish of Arroios recently clinched the top spot in Time Out’s annual list of the coolest city center neighborhoods in the world. But frequent visitors will know that the unique neighborhood, located in the Lisbon city center, is a hub for art, hotels, and restaurants. It’s also small enough to walk across in just 30 minutes - talk about packing a punch!
Santa Apolónia is a neighborhood on the side of the Tejo River in Lisbon. Within walking distance of Terreiro do Paço, Santa Apolónia’s narrow streets lead to Castelo de São Jorge. The area is connected to the metro grid of the city with good transportation connections, there are many bus routes and a train station there. Panteão Nacional de Santa Engrácia is also a short walk away!
Although there’s a lot of bustle around the Station, the neighbourhood itself is peaceful and everyone knows each other.
Campo de Ourique
Campo de Ourique is a relatively quiet residential neighborhood. Living in this region is synonymous with an excellent quality of life. It is an old-fashioned neighborhood, and its flat streets are an open invitation to long walks!
This neighbourhood is also known for the quality and diversity of its local market’s products, the Campo de Ourique Market, which houses a nice contemporary food court, similar to that of the Ribeira Market, but much quieter.
The Belém neighborhood is the last neighborhood before the beaches on the Portuguese coast. This is where the Tagus River and the Atlantic Ocean meet.
Belém brings together important historical monuments such as the Jerónimos Monastery, the Monument to the Discoveries and the Belém Tower. It also houses many cultural places such as the very modern MAAT - Museum of Art, Architecture, and Technology, among others. Here, you will also find Pastéis de Belém, a pastry shop that has been producing the famous custard tarts since 1837!
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Best known for its amazing soft climate, with plenty of sun throughout the year, Algarve’s pleasant weather allows you to discover its gorgeous coastline against which the ocean presents itself with all colors available in the blue spectrum.
Stepping away from the coastline you’ll find other relics to explore in Algarve’s more rugged interior, where people live in harmony with the environment and keep ancient traditions that they like to share.
Properties in the Algarve.
By many expats, the Silver Coast is one of the most desirable places to live in Portugal, together with Lisbon and Algarve. The region remains largely unknown and therefore untouched by tourism, which means that visitors can bask in the extraordinary sand of “silver.”
The Silver Coast is also a popular destination for surfers, and beaches such as Peniche and Nazaré, which are always busy with tourists from northern Europe.